Word: chryslers
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Dates: during 1940-1949
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...signing this contract, Ford not only reversed its labor policy but outdid both General Motors and Chrysler, neither of which has granted union shops. Said Edsel Ford: "No half measures will be effective. ... So we have decided to go the whole way." One thing was certain: the most important member of the "we" was 77-year-old Henry Ford. There were many conflicting theories about what had moved...
...Asked Ford, Studebaker, Chrysler, Nash and Hudson, who raised prices $10 to $53 a car last fortnight, to rescind their decision. He scolded them for not consulting him first...
...automakers' agreement to curtail 1942 production (TIME, April 28) was last week worked out in detail. The over-all reduction was set at 20.15%, from 5,289,972 new. cars this model year to 4,224,152 next. General Motors, Ford and Chrysler, which produce 90% of the nation's autos, agreed to cut their production 21.5% so that their medium-sized competitors would have to cut only 15%, their smallest competitors not at all; thus no company would be forced by quota below the break-even point. It was a good plan, with one failing...
Detroit itself felt so. Chrysler's President K. T. Keller said of the 20.15% cut in a letter to his stockholders: "Attainment of this volume of production . . .may prove to be difficult [because of materials shortages]. . . It appears that the activities of your corporation are destined to become increasingly diverted to the needs of the defense program." In Washington, with President Roosevelt calling for production of 500 heavy bombers a month, defense officials took another look at the materials-consuming auto industry, began talking about a 40-50% reduction. Some of them thought...
...peak after World War I. Top-flight industrial liens yield only 2.3%, half the 1929 rate. Biggest mystery in Wall Street is why investors will grab the bond of a Government-harassed utility paying $30 on a $1,000 investment, but close tight their checkbooks on Chrysler common, which returns $60 a year on exactly the same outlay...